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Fintech and payment companies
Licensed payment institutions, e-money firms and fintechs that need corporate accounts and FX for their own treasury and operating payments.
Typical payment flows
How money usually moves in this kind of business. We agree your expected activity at onboarding and review payments against it.
- Own funds
- Operating balances in your entity’s name, used for your own business expenses and treasury.
- Suppliers
- Payments to technology vendors, processors, auditors and advisers.
- Group funding
- Documented intercompany funding between regulated and unregulated group entities.
What we ask for
In addition to company documents and identification for directors and beneficial owners.
- Licence or registration for each market
- AML programme and most recent independent review
- Safeguarding arrangements, where applicable
- Group structure and regulatory status of each entity
- Audited financial statements, where available
What we do not accept
This sector is assessed under enhanced due diligence and needs senior approval.
- Unlicensed payment activity
- Nested or undisclosed underlying clients
- Shell banks and entities with no physical presence
- Use of named accounts on behalf of undisclosed third parties
Common questions
Can we use our account for customer flows?
Only where this has been disclosed, assessed and agreed in writing at onboarding. We do not allow undisclosed nesting.
Apply for onboarding
Tell us about your business
Apply online in about ten minutes. We will reply with the documents your structure requires and an indicative timeline for onboarding.